I have a set of Stanley chisels which I gave to my father as a gift about 40 years ago. After he could no longer use them due to his age, he gave them back to me. They are lovely tools, and hold their edge well. I have two styles of honing guides, one in which the chisel or plane blade is clamped from its sides, and the other is a dedicated plane blade guide to which the blade is clamped using a screw through the hole in the blade.
Having spent over 36 years in the meat industry where sharp knives are a must, I know a little about sharpening knives and other tools. I don't use oil on a stone, as it tends to lubricate rather than allow the stone to cut. Instead I use kerosene which keeps the "pores" of the stone clear of fine metal particles, and allows the stone to do its work more efficiently. I'm not suggesting that oil doesn't work, rather that its use can reduce the abrasive effect of the stone. I have several stones of different grades, one dedicated to plane blades only. The reason for this is, sharpening knives, or relatively small blades such as chisels, can wear a stone unevenly, even rounding the edges slightly. This can affect a plane blade which needs to have its edge perfectly straight, so a dead flat stone is essential. Like Faz, after sharpening a knife we would always run the edge across a piece of softwood to remove the fine "wire" or burr.
My sharpening stones are all kept in custom made (by me) boxes for their protection. The boxes have small nails driven into each corner of the bottom, which are cut off leaving about 1.5 mm protruding. This allows the box to grip the wooden work bench thus preventing the stone from sliding whilst in use.
Peter.